CLEARWATER, Fla.--(BUSINESS WIRE)--Feb. 5, 2004--Raymond B. Wood, Senior Vice President of Government Operations and Marketing for Technology Research Corporation (TRC), (Nasdaq:TRCI - News), announced the Company has received $5,165,324 in orders for Spare Parts Support requirements for the 3KW TQG, 5/10/15KW TQG and 30/60KW TQG programs.
Mr. Wood stated that $2,512,511 of these new orders have planned deliveries over 5 years with an immediate initial release of $200,000. Deliveries for the remaining $2,652,813 of these orders have commenced and are scheduled over the next 4 months.
Mr. Wood added, "We are pleased that our military business remains strong and these new orders bring the total orders for these major TQG programs to $20.77 million over the past 24 months."
Technology Research Corporation is engaged in the design, manufacture and marketing of electronic control and measurement devices related to the distribution of electrical power. The Company supplies power monitors and control equipment used by the United States Military and its prime contractors and specializes in electrical safety products that protect against electrical shock, electrocution and electrical fires.
"Safe Harbor" Statement: Certain statements in this press release are forward looking in nature and, accordingly, are subject to risks and uncertainties. The actual results may differ materially from those described or contemplated.
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Contact:
Technology Research Corporation, Clearwater
Scott J. Loucks, Investor Relations, 727/535-0572
Fax: 727/535-4828
Web Page: http://www.trci.net
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